vs
美国鹰（AEO）与盖璞（GAP）财务数据对比。点击上方公司名可切换其他公司
盖璞的季度营收约是美国鹰的2.9倍（$3.9B vs $1.4B）。美国鹰净利率更高（6.7% vs 6.0%，领先0.7%）。美国鹰同比增速更快（5.7% vs 3.0%）。盖璞自由现金流更多（$153.0M vs $-2.5M）。过去两年美国鹰的营收复合增速更高（2.8% vs -4.2%）
American Eagle Outfitters是美国知名服饰及配饰零售商，总部位于宾夕法尼亚州匹兹堡市南区工业园。品牌1977年由杰里·西尔弗曼与马克·西尔弗曼兄弟创立，最初为零售风险投资公司的子公司，旗下还运营西尔弗曼男装。1980年创始人向肖滕斯坦家族出售一半股权，1991年售罄剩余股份，目前旗下拥有Aerie、Unsubscribed等多个品牌。
盖璞（Gap Inc.）是总部位于美国加利福尼亚州旧金山的跨国服饰零售商，1969年由唐纳德·费舍尔与多丽丝·费舍尔创立，旗下拥有Gap、Banana Republic、Old Navy、Athleta四大核心品牌，是美国最大的服饰零售商之一，全球门店数量位列全球第三，仅次于Inditex集团和H&M。
AEO vs GAP — 直观对比
营收规模更大
GAP
是对方的2.9倍
$1.4B
营收增速更快
AEO
高出2.8%
3.0%
净利率更高
AEO
高出0.7%
6.0%
自由现金流更多
GAP
多$155.5M
$-2.5M
两年增速更快
AEO
近两年复合增速
-4.2%
损益表 — Q3 2026 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $1.4B | $3.9B |
| 净利润 | $91.3M | $236.0M |
| 毛利率 | 40.5% | 42.4% |
| 营业利润率 | 8.3% | 8.5% |
| 净利率 | 6.7% | 6.0% |
| 营收同比 | 5.7% | 3.0% |
| 净利润同比 | 14.2% | -13.9% |
| 每股收益（稀释后） | $0.53 | $0.62 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AEOGAP
| Q4 25 | $1.4B | $3.9B | ||
| Q3 25 | $1.3B | $3.7B | ||
| Q2 25 | $1.1B | $3.5B | ||
| Q1 25 | — | $4.1B | ||
| Q4 24 | $1.3B | $3.8B | ||
| Q3 24 | $1.3B | $3.7B | ||
| Q2 24 | $1.1B | $3.4B | ||
| Q1 24 | $1.7B | $4.3B |
净利润AEOGAP
| Q4 25 | $91.3M | $236.0M | ||
| Q3 25 | $77.6M | $216.0M | ||
| Q2 25 | $-64.9M | $193.0M | ||
| Q1 25 | — | $206.0M | ||
| Q4 24 | $80.0M | $274.0M | ||
| Q3 24 | $77.3M | $206.0M | ||
| Q2 24 | $67.8M | $158.0M | ||
| Q1 24 | $6.3M | $185.0M |
毛利率AEOGAP
| Q4 25 | 40.5% | 42.4% | ||
| Q3 25 | 38.9% | 41.2% | ||
| Q2 25 | 29.6% | 41.8% | ||
| Q1 25 | — | 38.9% | ||
| Q4 24 | 40.9% | 42.7% | ||
| Q3 24 | 38.6% | 42.6% | ||
| Q2 24 | 40.6% | 41.2% | ||
| Q1 24 | 36.6% | 38.9% |
营业利润率AEOGAP
| Q4 25 | 8.3% | 8.5% | ||
| Q3 25 | 8.0% | 7.8% | ||
| Q2 25 | -7.8% | 7.5% | ||
| Q1 25 | — | 6.2% | ||
| Q4 24 | 8.2% | 9.3% | ||
| Q3 24 | 7.8% | 7.9% | ||
| Q2 24 | 6.8% | 6.1% | ||
| Q1 24 | 0.6% | 5.0% |
净利率AEOGAP
| Q4 25 | 6.7% | 6.0% | ||
| Q3 25 | 6.0% | 5.8% | ||
| Q2 25 | -6.0% | 5.6% | ||
| Q1 25 | — | 5.0% | ||
| Q4 24 | 6.2% | 7.2% | ||
| Q3 24 | 6.0% | 5.5% | ||
| Q2 24 | 5.9% | 4.7% | ||
| Q1 24 | 0.4% | 4.3% |
每股收益（稀释后）AEOGAP
| Q4 25 | $0.53 | $0.62 | ||
| Q3 25 | $0.45 | $0.57 | ||
| Q2 25 | $-0.36 | $0.51 | ||
| Q1 25 | — | $0.53 | ||
| Q4 24 | $0.41 | $0.72 | ||
| Q3 24 | $0.39 | $0.54 | ||
| Q2 24 | $0.34 | $0.41 | ||
| Q1 24 | $0.03 | $0.49 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $112.8M | $2.5B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $1.6B | $3.6B |
| 总资产 | $4.2B | $12.4B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资AEOGAP
| Q4 25 | $112.8M | $2.5B | ||
| Q3 25 | $126.8M | $2.4B | ||
| Q2 25 | $87.9M | $2.2B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | $160.2M | $2.2B | ||
| Q3 24 | $191.8M | $2.1B | ||
| Q2 24 | $300.5M | $1.7B | ||
| Q1 24 | $454.1M | $1.9B |
总债务AEOGAP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | $0 | — | ||
| Q2 24 | $0 | — | ||
| Q1 24 | $0 | — |
股东权益AEOGAP
| Q4 25 | $1.6B | $3.6B | ||
| Q3 25 | $1.5B | $3.4B | ||
| Q2 25 | $1.5B | $3.3B | ||
| Q1 25 | — | $3.3B | ||
| Q4 24 | $1.7B | $3.1B | ||
| Q3 24 | $1.7B | $2.9B | ||
| Q2 24 | $1.8B | $2.7B | ||
| Q1 24 | $1.7B | $2.6B |
总资产AEOGAP
| Q4 25 | $4.2B | $12.4B | ||
| Q3 25 | $4.1B | $12.1B | ||
| Q2 25 | $3.8B | $11.6B | ||
| Q1 25 | — | $11.9B | ||
| Q4 24 | $3.7B | $11.9B | ||
| Q3 24 | $3.5B | $11.5B | ||
| Q2 24 | $3.6B | $10.9B | ||
| Q1 24 | $3.6B | $11.0B |
负债/权益比AEOGAP
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | 0.00× | — | ||
| Q2 24 | 0.00× | — | ||
| Q1 24 | 0.00× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $67.1M | $299.0M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $153.0M |
| 自由现金流率自由现金流/营收 | -0.2% | 3.9% |
| 资本支出强度资本支出/营收 | 5.1% | 3.7% |
| 现金转化率经营现金流/净利润 | 0.74× | 1.27× |
| 过去12个月自由现金流最近4个季度 | $-169.8M | $779.0M |
8季度趋势，按日历期对齐
经营现金流AEOGAP
| Q4 25 | $67.1M | $299.0M | ||
| Q3 25 | $27.8M | $448.0M | ||
| Q2 25 | $-54.7M | $-140.0M | ||
| Q1 25 | — | $616.0M | ||
| Q4 24 | — | $291.0M | ||
| Q3 24 | $78.3M | $549.0M | ||
| Q2 24 | $-38.1M | $30.0M | ||
| Q1 24 | $296.4M | $700.0M |
自由现金流AEOGAP
| Q4 25 | $-2.5M | $153.0M | ||
| Q3 25 | $-43.1M | $350.0M | ||
| Q2 25 | $-116.3M | $-223.0M | ||
| Q1 25 | — | $499.0M | ||
| Q4 24 | — | $143.0M | ||
| Q3 24 | $17.5M | $460.0M | ||
| Q2 24 | $-74.3M | $-63.0M | ||
| Q1 24 | $256.8M | $568.0M |
自由现金流率AEOGAP
| Q4 25 | -0.2% | 3.9% | ||
| Q3 25 | -3.4% | 9.4% | ||
| Q2 25 | -10.7% | -6.4% | ||
| Q1 25 | — | 12.0% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | 1.4% | 12.4% | ||
| Q2 24 | -6.5% | -1.9% | ||
| Q1 24 | 15.3% | 13.2% |
资本支出强度AEOGAP
| Q4 25 | 5.1% | 3.7% | ||
| Q3 25 | 5.5% | 2.6% | ||
| Q2 25 | 5.7% | 2.4% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 3.9% | ||
| Q3 24 | 4.7% | 2.4% | ||
| Q2 24 | 3.2% | 2.7% | ||
| Q1 24 | 2.4% | 3.1% |
现金转化率AEOGAP
| Q4 25 | 0.74× | 1.27× | ||
| Q3 25 | 0.36× | 2.07× | ||
| Q2 25 | — | -0.73× | ||
| Q1 25 | — | 2.99× | ||
| Q4 24 | — | 1.06× | ||
| Q3 24 | 1.01× | 2.67× | ||
| Q2 24 | -0.56× | 0.19× | ||
| Q1 24 | 46.93× | 3.78× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AEO
| American Eagle Brand | $800.4M | 59% |
| Aerie Brand | $429.1M | 31% |
| Other | $133.2M | 10% |
GAP
| Other | $2.2B | 55% |
| Online Sales | $1.6B | 40% |
| CA | $191.0M | 5% |
| Other Regions | $13.0M | 0% |
